Leaderboard

I don't know the answer but this article might get your research started. Good luck and keep us posted!

Many of us have "been there"! I could go on and on, but it is water over the dam and the child in question is now an adult and understands just what went on. She is much closer to our family than she is to her mother's.

Too late to swap out, and I detest flying. Taking Amtrak to Philly - I get out five blocks from the hotel, and no migraine from the pressure changes. And by hook or by crook I will get over to see the Liberty Bell too! But sorry to miss meeting you, my friend.

I like the way you think!!!

From Publication 17: Time for filing a claim for refund. Generally, you must file your claim for a credit or refund within 3 years after the date you filed your original return or within 2 years after the date you paid the tax, whichever is later. Returns filed before the due date (without regard to extensions) are considered filed on the due date (even if the due date was a Saturday, Sunday, or legal holiday). These time periods are suspended while you are financially disabled, discussed later. If the last day for claiming a credit or refund is a Saturday, Sunday, or legal holiday, you can file the claim on the next business day. If you do not file a claim within this period, you may not be entitled to a credit or a refund. My reply: Tax advice including research = $95 Amended Return: $250-minimum Let her be the judge.

Catherine, I had thought I would go to the NATP forum, but my mom has an appointment that week with a specialist out of town and I chose to go with her for that instead. I would have loved to have had a chance to meet you! And I already went to the IRS forum in National Harbor, so i won't be going to Atlanta.

Jack, you are to be commended for the manner in which you handled the support of your children. Sadly, there's too many men/women who don't fulfill their responsibility to their children. Your support mirrored the support my father provided in a very similar situation as yours. Please keep in mind that the fact that you did your part, regardless of what the ex did, will always be in the minds and hearts of your children. Thus the pride that you (and your children) should and can have should far outweigh any doubts about how the ex spent the funds. She made her bed....let her sleep in it!

If you both feel certain it's a mistake, send in an explanatory letter with copies of the federal and state returns. Highlight the place where the $15K is reported (and/or show where the net figure comes from). Use lots of highlighter, plus circles and arrows and whatever else. NM still does a lot of its processing by paper; it's possible some subsidiary form or schedule got lost or missed.

Randall and cbslee, these links below regarding the passive activity rules should help each of you with the proper reporting: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Passive-Activity-Loss-ATG-Exhibit-2-7-Vacation-Rentals-Condos-B-Bs-Hotels-Reg-1-469-1Te3ii-and-Reg-1-469-5Ta Also this one has a discussion and lists the 6 exceptions to when an activity isn't a rental under reg § 1.469-1T(e)(3)(ii): http://www.cmorrisonlaw.com/rental-real-estate-losses-passive-activity-rules/ Finally, a succinct blog by an EA that hits the important points of this issue and what to watch out for. From five years ago but still good info here: https://urtaxlady.wordpress.com/2010/10/21/tax-guide-for-vacation-rentals/